M A R K E T
© 2024 ENERGY VAULT, ALL RIGHTS RESERVED
S u p p l y a n d D e m a n d a n d D e c a r b o n i z a t i o n C o n u n d r u m
M a k i n g S t o r a g e a n I m p e r a t i v e
W I N D P O W E R
S O L A R
P O W E R
L E G A C Y
P O W E R
D E M A N D F O R P O W E R | S U P P LY O F P O W E R |
Growing | Less predictable |
in magnitude & variability | with wind & solar |
Storage - maintaining grid reliability as wind and solar become more pervasive
WELCOME & STATE OF OUR COMPANY
Robert Piconi
Chairman and CEO
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A GEND A
S E C T I O N | S P E A K E R | ||
S T A T E O F T H E C O M P A N Y | R o b e r t P i c o n i | C h a i r m a n a n d C E O | |
B A T T E R Y B U S I N E S S | A k s h a y L a d w a | C h i e f E n g i n e e r i n g O f f i c e r , E V S | |
E N E R G Y V A U L T & S O M F I R E S I D E C H A T | R o b P i c o n i & B i l l B a k e r | ||
B R E A K | |||
G R A V I T Y B U S I N E S S | M a r c o T e r r u z z i n | C h i e f C o m m e r c i a l | |
a n d P r o d u c t O f f i c e r | |||
H Y D R O G E N B U S I N E S S | C r a i g H o r n e | V P A d v a n c e d E n e r g y S o l u t i o n s | |
S O F T W A R E B U S I N E S S | A k s h a y L a d w a | C h i e f E n g i n e e r i n g O f f i c e r , E V S | |
F I N A N C I A L R E S U L T S A N D 2 0 2 4 / 2 0 2 5 G U I D A N C E | M i c h a e l B e e r | C F O | |
Q & A |
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C O M P A N Y
Our First Two Years … by the numbers
Revenue
Gross
Margin
9.9 GWh
Awarded/Short
Listed
2022 - 2023
$487M
Actual
16%
2.0 GWh 1.0 GWh
Contracted | In Operation |
G R A V I T YB A T T E R Y H Y D R O G E N
China - World's first grid-scalegravity energy storage system
Site physical constraints for batteries and demanding schedule - met all deliverables
Public utility, Bring Your Own Battery (BYOB) and accelerated schedule - record setting
1st AC B-VAULTbattery deployment and accelerated commissioning and testing
All Projects on time, on budget, safe, with Quality | First-of-its-kindlong-durationhydrogen hybrid |
Strong cash, no debt, no dilutive financings | |
microgrid - 30% below all other alternatives |
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C O M P A N Y
Results start with our people … and Leadership
" B e s t o f B r e e d " D o m a i n a n d F u n c t i o n a l E x p e r i e n c e - G l o b a l - S e r v a n t L e a d e r s - P a s s i o n a t e - H u m b l e
Robert Piconi | Andrea Pedretti | Gonca Icoren | Laurence Alexander | Michael Beer |
Chairman, Co-Founder | Co-Founder & | Chief People | Chief Marketing | Chief Financial |
& CEO | Chief Technology Officer | Officer | Officer | Officer |
Josh McMorrow | Chris Wiese | Marco Terruzzin | Akshay Ladwa | Kevin Keough |
Chief Operations | Chief Product & | Chief Engineering | Senior Vice President | |
Chief Legal | ||||
Officer | Commercial Officer | Officer EVS™ | Corporate Development | |
Officer | ||||
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N e w R e g i o n s , N e w C u s t o me r s , | C O M P A N Y |
N e w P r o d u c t s , N e w M a r k e t S e g me n t s a n d T A M |
Geographical and Customer Expansion
Expansion in China 3.7GWh of Projects
C H I N A
First 25MW 100MWh
Portfolio and Segment Expansion
New Application of Gravity |
Technology that are: |
1.Economically disruptive |
G - V A U L T
Gravity Storage
Project Operational
EVo
EVy |
2.Expand our TAM |
Entry to Southern Africa | |
125 GWh potential | |
South African Development | |
S A D C | Community (SADC) |
B - V A U L T | Entry to Australia | ||
Battery Storage | Investor | ||
H - V A U L T | A U S T R A L I A | 2.6 GWh Total | |
(275 MW, 2.2GWh) | IPP | ||
Hybrid and | |||
Hydrogen Storage |
EVu
Calistoga, CA
Snyder, TX
New Strategic Partnership:
EVc
Skidmore Owings & Merrill
OWN/OPERATE
New R&D Energy Solutions Center
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A r o u n d t h e W o r l d i n 1 0 D a y s
A p r i l 2 5 t o M a y 3
C O M P A N Y
RIYADH, SAUDI ARABIA
A D V A N C E D E N E R G Y S O L U T I O N S C O M M U N I T Y :
"How will we meet the TW growth in demand from
Electrification and Generative AI processing sustainably?"
"The first set of charging and discharging units of the Rudong
100MWh gravity energy storage project was successfully tested…."
C H I N A T I A N Y I N G P R E S S R E L E A S E
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C O M P A N Y
Annual global investment in the energy transition is at an all-time high. However, nearly all sectors are spending less than what's needed
+101%
+73%
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Energy Vault Holdings Inc. published this content on 09 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 May 2024 14:17:07 UTC.